$554.83 Million in Sales Expected for CAE Inc (CAE) This Quarter
Equities research analysts forecast that CAE Inc (NYSE:CAE) (TSE:CAE) will report $554.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for CAE’s earnings. The highest sales estimate is $580.70 million and the lowest is $539.50 million. CAE posted sales of $487.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.8%. The firm is scheduled to announce its next earnings report on Thursday, November 9th.
On average, analysts expect that CAE will report full year sales of $554.83 million for the current fiscal year, with estimates ranging from $2.26 billion to $2.32 billion. For the next financial year, analysts forecast that the company will report sales of $2.40 billion per share, with estimates ranging from $2.37 billion to $2.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow CAE.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Thursday, August 10th. The aerospace company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. CAE had a return on equity of 13.24% and a net margin of 8.96%. The business had revenue of $699 million during the quarter, compared to analyst estimates of $699.76 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s revenue was up 7.3% compared to the same quarter last year.
Several brokerages recently commented on CAE. BidaskClub lowered shares of CAE from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered shares of CAE from a “buy” rating to a “sell” rating in a research report on Friday, May 12th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. CAE currently has a consensus rating of “Hold” and a consensus target price of $19.50.
A number of hedge funds and other institutional investors have recently modified their holdings of CAE. Advisor Group Inc. increased its position in shares of CAE by 89.8% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock worth $122,000 after buying an additional 3,354 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock worth $130,000 after buying an additional 57 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of CAE during the first quarter worth about $138,000. Trexquant Investment LP bought a new position in shares of CAE during the first quarter worth about $173,000. Finally, Wetherby Asset Management Inc. bought a new position in shares of CAE during the first quarter worth about $207,000. 56.12% of the stock is currently owned by institutional investors and hedge funds.
CAE (NYSE CAE) traded down 1.15% during trading on Thursday, hitting $16.32. The stock had a trading volume of 165,433 shares. CAE has a 52 week low of $13.57 and a 52 week high of $17.88. The company has a market cap of $4.39 billion, a PE ratio of 22.57 and a beta of 0.86. The stock has a 50-day moving average price of $17.13 and a 200-day moving average price of $15.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. CAE’s payout ratio is presently 34.29%.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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